MBA News
A collection of news items from MBA programs and about the business school admissions process.
Healthcare at Kellogg Bolstered by Gift for Biopharma
Northwestern Kellogg alumnus, Kent Hawryluk ’07, gifted $3 million to the business school, establishing the Hawryluk Biopharmaceutical Scholars Endowed Fund. The fund builds upon the existing Program on Healthcare at Kellogg (HCAK). The scholars will be Full-Time MBA students with a demonstrated interest in healthcare. They will receive scholarships and benefit from dedicated co-curricular programming. Additionally, the scholars will engage alumni and other experts in the healthcare management field, particularly in biopharmaceuticals, through treks to industry hubs, presentations from field leaders and mentorship. Moreover, successive cohorts of scholars are expected to form a supportive career network.
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Emory Goizueta Unveils New Center for Entrepreneurship & Innovation
Five years in the making, Emory University’s Goizueta Business School recently unveiled their new Center for Entrepreneurship & Innovation. The center offers more than 20 courses focused on innovation and entrepreneurship and various entrepreneurial programs. Amelia Schaffner, Center Director “Through this Center, we have the opportunity to expand our scope and elevate our commitment to entrepreneurship and innovation,” said Amelia Schaffner, Center Director of Entrepreneurship for The Roberto C. Goizueta Center for Entrepreneurship & Innovation. “We are building a portfolio of learning experiences and opportunities that allow students to gain interdisciplinary skills, get connected to the local ecosystem, and solve
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Published: February 14, 2021
Toronto Rotman Takes Steps to Combat Systemic Racism with New Course, Conference
The University of Toronto’s Rotman School of Management launched two initiatives this month to proactively fight anti-Black systemic racism in Canadian business. New MBA Course The Rotman School’s MBA curriculum introduced the first Black entrepreneurship and leadership course in Canada. The school developed the course in partnership with the Canadian Council of Business Leaders Against Anti-Black Systemic Racism’s BlackNorth Initiative. It is an effort to combat anti-Black systemic racism in Corporate Canada. The course is open to MBA students, emerging young black leaders across Canada, and members of the business community. Many of the course’s case
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Published: February 8, 2021
The Financial Times 2021 MBA Ranking Reveals a Year in Disruption
You can find the Financial Times 2022 MBA Ranking here. The COVID-19 pandemic uniquely impacted The Financial Times 2021 Global MBA Ranking, released this week. Many of the top 10 U.S. schools opted out of the ranking this year to focus on the challenges posed by the COVID-19 pandemic. Despite this, more than half the rankings are U.S. programs. Data from MBA programs worldwide show that demand for MBAs and salary numbers remained strong through the end of 2020. In fact, many schools reported double-digit percentage increases in applications for the 2020–2021 academic year. Top
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Published: February 7, 2021
Kellogg MBAs Choose Cheetos for Best 2021 Super Bowl Ad
Each year, MBA students along with marketing professors, Tim Calkins and Derek Rucker, at Northwestern Kellogg evaluate the commercials during the NFL Super Bowl—easily the most expensive air time of the year. Out of all of the ads during Super Bowl LV, the Cheetos commercial, which featured Shaggy, Mila Kunis and her husband Ashton Kutcher in a playful take on the bright orange snack, took home the trophy. Michael B. Jordan as Amazon’s Alexa ranked highly as well. Tide also delivered a memorable ad and Seinfeld fans may have recognized George Costanza’s voicemail theme as Jason
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Published: February 7, 2021
Record Alumna Gift to Kellogg Amps up Support of Women in Business
Ann M. Drake, Kellogg EMBA ’84, donated the largest gift ever from a female graduate of Northwestern University’s Kellogg School of Management. Drake’s record-setting gift establishes the Drake Scholar Network, a formal, global network of women students, faculty and alumnae through the school. Ann M. Drake, Kellogg EMBA ’84, Former CEO DSC Logistics, Record-setting Alumna Donor “Kellogg has a long legacy of breaking new ground in the education and professional advancement of women, but there is still much work to be done to address gender-based disparities in the business world,” said Dean Francesca Cornelli in
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Published: February 3, 2021
Carnegie Mellon Tepper MBA Launches Deferred Enrollment
The Tepper School of Business at Carnegie Mellon University announced a deferred enrollment program, called Tepper Future Business Leaders. This opens up MBA admissions to college seniors who plan to graduate from a U.S. college or university in the current academic year who do not yet have full-time work experience. Tepper will be looking for candidates with a strong academic record, professional internships, and undergraduate leadership experience. Accepted applicants can then defer admission for two to four years during which time they join the workforce. “The pandemic has disrupted so much for
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Published: February 1, 2021
LBS Employment Report: MBA Class of 2020 Shows International Strength
The London Business School’s 2020 MBA Employment Report has been released, opening a larger window on the international MBA community’s optimistic prospects and potential success. Ninety-one percent of LBS graduates received an offer within four months, and 90 percent accepted offers. Out of a class of 476, 29 are starting their own businesses. “I am confident that having dealt with so much uncertainty over the last 12 months and having overcome so many challenges with such collaborative spirit, this group of successful students are prepared to kick-start their newfound professional careers with a fearless and
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Published: January 27, 2021
HBS Announces Timing of Round 2 Interview Invitations
If you applied to Harvard Business School in Round 2, get ready for some big application news from the school on Wednesday, February 3rd at noon EST. In a post to the Direct from the Director’s blog, Managing Director of HBS admissions Chad Losee shared the following details: “Next week, on February 3 at noon eastern, you will receive an update via the application status page on the next phase of the process as we extend invitations to interview to a portion of those who applied. As
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Published: January 27, 2021
$5 Million Gift to Michigan Ross Sets Up New True Grit Scholarship Fund
The University of Michigan Stephen M. Ross School of Business announced a new scholarship fund thanks to the generosity of an anonymous Ross BBA alumnus. The alum’s $5 million gift establishes the True Grit Scholarship Fund. The new fund will award partial and full-ride scholarships to current and incoming Full-Time MBA and BBA students. Ross will be considering candidates who have “demonstrated notable determination to succeed.” This includes applicants who have overcome personal challenges, served in the military, become the first in their families to pursue a degree at a post-secondary institution, or otherwise exhibited personal
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Published: January 18, 2021
Moving from Academia to Industry: PhDs Getting MBAs at HEC Paris
Sponsored Content In 2012, Jean-Marc Peyrat left his role in science and technology development at Siemens to team up with a colleague and start a company. This was no idle pursuit: Peyrat holds two separate master’s degrees in engineering and biomedical engineering, as well as a PhD in computer science. The venture lasted just a few months, but this brief foray into entrepreneurship whet Peyrat’s appetite for more. Peyrat hit the books again in 2016 when he started the MBA program at HEC Paris. Today, he is the co-founder and CEO of
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Published: January 13, 2021
Stanford GSB Employment Report: MBA Class of 2020, Achievement Through Creativity
The Stanford Graduate School of Business 2020 MBA employment report shows few signs of economic disruption or pandemic uncertainty. This year’s graduates reported record salary numbers and fostered the highest level of entrepreneurship since 2013. GSB’s communities of students, alumni, and faculty worked to ensure the success of the Class of 2020 by focusing on their goals and being creative in reaching them. The timing of offers and acceptances was slightly off from last year: 91 percent of students received a job offer within three months after graduation, and in
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Published: January 12, 2021
Berkeley Haas Expands MBA Deferred Admissions Program
The UC Berkeley Haas School of Business has expanded its Accelerated Access deferred admissions program to all undergraduate seniors and final-year graduate students. First limited to UC Berkeley students, the pilot’s success led the school to open the program to outside applicants this MBA admissions season. The program allows undergraduate seniors and final-year master’s students to apply to the full-time MBA program. Acceptance is conditional, and the applicants can enroll after a flexible two- to five-year deferment period. Students use this time to gain
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Published: January 6, 2021
McCombs MBA Employment Report: Another Strong Year for Technology Jobs
The University of Texas Austin McCombs School of Business has released its 2020 MBA employment report. This year saw an increase in MBAs entering technology careers, one of McCombs graduates’ strongest industries, and the utilization of the school’s vast employer and alumni network to keep candidates competitive in the slowing economy. Eighty-eight percent of the class received an offer within three months of graduation with 85.6 percent accepting offers in the same time frame. McCombs facilitated 79.5 percent of job opportunities through internships, recruiting through Texas McCombs corporate partner ecosystem, alumni and staff networking, or other
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Published: January 4, 2021
Chicago Booth Employment Report: MBA Class of 2020 Finds Success in a Changing Economy
The Chicago Booth School of Business has released its 2020 MBA employment report. Nearly 93 percent of the 2020 graduating class received job offers within three months of graduation–an impressive feat in the changing economy, but still down 3.5 percent from 2019. Overall, 91.4 percent of Booth MBAs accepted offers after graduation. Chicago Booth facilitated over 80 percent of job opportunities across summer employer programs, the Entrepreneurial Internship Program, industry treks, campus interviews and the recruitment portal. Faculty and student groups, and Booth recruiting and networking events such as Corporate Conversation and Booth Panel Discussions
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Published: December 30, 2020
Yale School of Management Employment Report: 2020 MBAs See Increased Salaries and Start-ups
The Yale School of Management employment report for the MBA Class of 2020 reveals consistent industry draws, but regional shifts for career destinations. More graduates remained in the U.S. to work, but also saw higher salaries. While the number of graduates receiving offers within three months of graduation (90.2 percent) and those accepting offers (85.9 percent) represents a decline from 2019, this year 6.1 percent of graduates opted to start their own business, an increase of 1.7 percent over last year. Yale School of Management Employment Report: Top 5 Industries Consulting 36.9%
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Published: December 27, 2020
Harvard Business School Employment Report: MBA Class of 2020 Finds Success & New Businesses
The Harvard Business School employment report for the MBA Class of 2020 details significant accomplishments and notable entrepreneurial spirit for the graduating class. Ninety percent of the MBAs received an offer after graduation and 83 percent accepted, while another 11 percent defied the pandemic economy and began their own business ventures. Harvard Business School Employment Report: Top Industries Financial Services 34% Consulting 24% Technology 19% Healthcare 7% Manufacturing 4% Non-profit/Government 4% Harvard Business School Employment Report: Regional Placement Northeast 41% West 25% Midwest 8% Southwest 6% South 3% Mid-Atlantic 3% Top Industries Financial services remains
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Published: December 22, 2020
Ross MBA Employment Report: Consulting & Tech Top Industry Choice for Class of 2020
The Michigan Ross MBA 2020 Employment Report showcases the success the Class of 2020 found while navigating the changing and uncertain economic climate. This year, 95 percent of the graduating class are career switchers, up from 89 percent in 2019. Over 83 percent of the class received a job offer by graduation. Within three months, 90.3 percent had received an offer and 88.4 percent had accepted. Ross MBA Employment Report: Top 5 Industries Consulting 35.7% Technology 24.5% Finance 11.9% Consumer Packaged Goods 7.2% Healthcare 5.3% Ross MBA Employment Report: Regional Placement Midwest 30.2% West 26.7%
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Published: December 20, 2020
Duke MBA Employment Report: Team Fuqua’s Class of 2020 Success Stories
The Duke MBA employment report has been released for the Daytime MBA Class of 2020 at the Fuqua School of Business. The report indicates full-time offers and school-facilitated job placement are both up over last year, and average first-year compensation reached a record high. Ninety percent of the Class of 2020 had a job offer by graduation, with 84 percent accepting, and 93 percent had an offer by three months after graduation with 91 percent accepting. “Despite the challenges of this year’s market conditions, our graduates demonstrated a proactive, focused approach to their job searches.
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Published: December 16, 2020
McCombs MBA Class Profile: Flexibility and Transparency Yields Positive Results for 2022
The University of Texas McCombs School of Business has released data on its MBA Class of 2022. The school was able to hit its target class size and maintain test score statistics in line with previous years despite being flexible with waivers and deferrals. While McCombs welcomed 241 students to the new class, the school saw close to 90 deferrals this year, compared to the historical average of 25. “We were very proud of these class profile stats, given the pandemic and how flexible and open we were about deferrals,” says Rodrigo Malta, the Managing Director
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Published: December 13, 2020
Darden Class Profile: UVA Responds to Challenges with Flexibility and Accommodation
See the UVA Darden MBA Class of 2023 profile here. The UVA Darden School of Business released its MBA Class of 2022 profile featuring its first-ever January cohort and record Consortium members. The class came together as the applicants faced significant challenges related to the pandemic, which the school responded to with flexibility and accommodation. Namely, the Darden admissions team extended the final application deadline to July 15 and accepted alternatives to standardized tests to demonstrate academic merit. Enough students faced too many challenges to make the August semester start date, so Darden
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Published: December 9, 2020
USC MBA Employment Report: Marshall Class of 2020 Mix in Media Industry
The University of Southern California Marshall School of Business has released its MBA Class of 2020 Employment Report showing a rise in salaries for the year over 2019 despite a slight decrease in signing bonuses. Sixty-one percent of job opportunities were facilitated by the school through the Campus Recruiting Program, summer internships, or staff and faculty referrals. USC MBA Employment Report: Top 5 Industries Consulting 28% Technology 27% Media/Entertainment/Gaming 11% Consumer Packaged Goods 9% Finance 8% USC MBA Employment Report: Regional Placement West 88% Midwest 3% Southwest 3% Northeast 2% Mid-Atlantic 2% Industry Placement
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Published: December 8, 2020
Dartmouth MBA Employment Report: Tuck Class of 2020 Take Home Higher Salaries
The Tuck School of Business at Dartmouth University has released its MBA Class of 2020 Employment Report. Ninety-four percent of MBAs received offers within three months of graduation and 92 percent accepted. This does represent a decline from 2019; however, the climate graduates faced this year was starkly different. Still, the median salary increased substantially over last year to $150,000 from $140,000. Tuck credits its personal approach to management education and exemplary career services for the success of the Class of 2020. Dartmouth MBA Employment Report: Top Tuck Post-MBA Industries Consulting 42% Financial Services
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Published: December 7, 2020
Stanford GSB Releases its Diversity, Equity and Inclusion Report for 2020
The Stanford University Graduate School of Business has released its second annual Diversity, Equity and Inclusion (DEI) Report, documenting progress made towards diversity on campus and in the broader community, equity in the school and the business world at large, and inclusion of people and perspectives necessary for success. Efforts Outlined in the Action Plan for Racial Equality This year, the Action Plan for Racial Equality (APRE), released in July 2020, is the report’s
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Published: December 6, 2020
MIT Sloan Employment Report: MBA Class of 2020 Secure Higher Salaries & Signing Bonuses
The MIT Sloan School of Management employment report for the MBA Class of 2020 revealed that 95.5 percent of students had offers within three months of graduation and 91.1 percent had accepted offers. Both the median salary and signing bonuses increased over last year to $150,000 and $34,000, respectively. MIT Sloan Employment Report: Top Post-MBA Industries Consulting 31.1% Technology 27.6% Financial Services 18.5% Healthcare/Pharma/Biotech 5.6% Automotive/Aerospace 3.1% Consumer Products 3.1% MIT Sloan Employment Report: Regional Post-MBA Placement Northeast 44.1% West 29.7% South and Southwest 9.1% Mid-Atlantic 2.8% Midwest 2.8% Industry
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